The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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According to the analyses of the USD/JPY and AUD/USD pairs, trader profited on a binary options platform. See how here for October 15, 2014.
Bitcoin experienced a very positive development as the state of NY ruled that developers working on software for the crypto-currency would not require a license going forward.
Gold gave up some of its recent gains against the American dollar during Tuesday's session as the bulls failed to overcome the resistance around the $1240 level.
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The USD/JPY pair fell again during the session initially on Tuesday, but bounced in order to form a hammer for the second day in a row. This supports seems to be focused on the 107 level, an area that has been supportive and resistive in the past.
During the session on Tuesday, the Australian dollar fell again. However, at this point in time it appears that the market is ready to consolidate, at least in the short-term.
As I mentioned yesterday, the USD/CAD pair is trying to break out. During the Tuesday session though, we did in fact see that happen. Broke out and touch to the 1.13 level, an area that of course is a large, round, psychologically significant number.
Yesterday, I produced an article on the USD/INR pair, suggesting that the market was struggling to keep the uptrend going, but the US dollar bounced off of the uptrend line in order to strengthen against the Indian rupee again.
Check out the USD/JPY Forex signal for October 15, 2014 here.
Get the EUR/USD Forex signal for October 15, 2014 here.
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According to the analyses of the EUR/USD and GBP/USD pairs, trader profited on a binary options platform. See how here for October 14, 2014.
Get the CHF/JPY weekly Forex signal for October 14, 2014 here.
The XAU/USD pair extended its gains yesterday and scored its highest settlement in four weeks as weakness in the American dollar and pullbacks in major stock markets spurred investors’ appetite for the relative safety of the precious metal.
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Check out the EUR/USD Forex signal for October 14, 2014 here.